Kenya: Karuturi Flower Farm assets' sale begins

The sale of Karuturi Flower Farm assets has kicked off following the ruling by the Supreme Court allowing Stanbic Bank to dispose of the property to recover over Sh1.8B debt. The receiver-manager has issued a quit notice to more than 3,000 former workers of the once flourishing Naivasha-based flower farm to pave way for the sale of the staff quarters.

Allan Owaro said that they had been issued with a two-month notice as the receiver-manager could not auction the assets while they still occupied the staff quarters. “We have worked for this company for over 28 years and they now want to kick us out like dogs without giving us our dues,” he said.

Following the move, the workers who are still waiting for their dues have called on the government to intervene, noting that close to 2,000 students in the farm’s school would lose out. The students at Sher Moi Primary and Secondary schools have already been registered for the national exams.

At the height of its operations, Karuturi produced over one million stems of roses daily making it the largest producer in the region. According to the workers representative Moses Maina, some of the staff had served the flower farm for close to 30 years before it was closed down.

He added that the workers through their Sacco are owed over Sh22m which they had diligently saved for years. “The receiver-manager is aware of all these debts but he has kept quiet and instead issued us with a two-month vacate notice,” he said. Olkaria MCA Peter Pallang’a said the former workers were going through untold suffering as they awaited their dues.

Read the complete article at www.the-star.co.ke.

 


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber